Coeur is committed to integrity and high ethical standards, and we maintain first-tier corporate governance practices, demonstrated by our Governance rating in the highest category (1) by Institutional Shareholder Services.
Areas of focus include:
Constituting an independent, engaged, accountable and diverse Board with highly relevant skill sets and backgrounds
Making transparent disclosures
Oversight of corporate strategy and culture
Providing stockholder-aligned compensation programs
Ensuring a strong compliance culture and code of conduct
Oversight of risk management
Coeur's Board believes that it should possess a combination of skills, professional experience and diversity of viewpoints necessary to oversee our business. In addition, the Board believes that there are certain attributes that every director should possess, as reflected in our Proxy statement. The directors have a range of tenure, complementing experience with fresh views; half of our directors joined the Board in 2013 or later, including two new directors in 2018 and one in 2019.
The following table provides summary information about the skills and qualifications of our Board.
Coeur's Code of Business Conduct and Ethics provides a roadmap to help guide employee actions, and all employees are responsible for conducting business and themselves in accordance with the Code. The Audit Committee of the board is responsible for overseeing and recommending Board approval of the standards of business conduct contained in the code, including significant updates.
As part of our strong culture of compliance, we conduct regular ethics and Code of Conduct training programs for all our employees, using several methods including annual in-person trainings at our corporate office and each site, several online trainings per year, and periodic compliance reminder communications on relevant topics such as:
Health and Safety
Anti-Discrimination and Anti-Harassment
Related Party Transactions
Conflicts of Interest
Fair Dealings with Others
Anti-Corruption and Anti-Bribery
As a complement to our strong Code of Business Conduct and Ethics, Coeur encourages employees to speak up regarding any situation or action that violates, or even appears to violate, the Code or any applicable law or regulation. Employees can report to their supervisor, HR or the legal department or anonymously to any of the following:
Key elements making up Coeur’s strong whistleblower protection program include:
Coeur has not received any fines or violations for corruption or bribery in its 90 years of business, and we strive to not only uphold but build on this tradition of integrity and ethics as We Pursue a Higher Standard.
Coeur’s platform is North America-focused and U.S.-centric, with a low geopolitical risk profile. We have strategically and intentionally improved our geopolitical risk profile in recent years, notably by divesting our Bolivian operation. We do not own any assets in countries that have the lowest rankings in Transparency International’s Corruption Perception Index.
Suppliers and third-party contractors are expected, in all of their activities and while working for the Company, to maintain high ethical standards and act with integrity to operate in full compliance the Supplier Code of Conduct, our environmental, health, safety and corporate responsibility requirements, our human rights policy as well as with applicable laws, rules, and regulations of the locations in which they operate. Vendors are screened as part of our supplier and business partner due diligence processes.